Kennett 39 Educational Foundation EIN 43-1718708

Kennett 39 Educational Foundation FY2023 filing

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Provides funding and resources for educational projects. For fiscal year 2023 it reported $36K in revenue, $15K in expenses, and $789K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Kennett, MO
Filings
5 on file (2020–2023)
Revenue
$36KFY2023
Expenses
$15K
Net assets
$789K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1718708 Public charity (501(c)(3)) Kennett, MO
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Provides funding and resources for educational projects.
Leadership
Kristen McPherson · President
Money in and out
$36K revenue, $15K expenses
Bottom line
92% program efficiency
Where the money goes · FY2023
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$789K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
622.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+58%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$36K
FY2023▼ -79%
Expenses
$15K
FY2023▼ -3%
Total assets
$789K
FY2023▲ +3%
Total liabilities
$0
FY2023
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$789K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$789K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $14K of program spending, described in the organization's own filed words · FY2022.
01

Grow your own programs work to attract local students as well as non-certified school staff, such as paraprofessionals and substitute teachers, to the teaching profession.

$8Kprogram expense
02

Scholarships for graduating seniors going to college that met the requirements that are attached

$6Kprogram expense
03

Grants to kennett school teachers to support a foundation approved educational project for student learning

$211program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKennett 39 Educational Foundation
EINHdr · item D43-1718708
Principal addressHdr · item CKennett, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99I)
Ruling yearIRS BMFOct 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$30K · 82%
Contributions & grants$8K · 22%
Investment income82%$30K
Contributions & grants22%$8K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$14K
Management & general8%$1K
Total functional expensesLn 25$15K

Balance Sheet

Part X · end of year
CashLn 1$33K
Total assetsLn 16$789K
Total liabilitiesLn 26$0
Total net assetsLn 32$789K
Months of cash on handcomputed26.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $789K · Operating expenses/yr $15K
622.2 months
Where the money goes
Program services
Program services $14K · Total expenses $15K
92%
Management & General
Management & general $1K · Total expenses $15K
8%
Fundraising
Fundraising $0 · Total expenses $15K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $36K
22%
Government reliance
Government grants — · Total revenue $36K
Earned-income share
Program service revenue $0 · Total revenue $36K
0%
Investment reliance
Investment income $30K · Total revenue $36K
+82%
Program self-sufficiency
Program service revenue $0 · Total expenses $15K
0%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year $170K
-79%
Net-asset trend (YoY)
End of year $789K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $15K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $789K
Net-asset ratio
Net assets $789K · Total assets $789K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $756K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $789K
96%
People & payroll
Highest Reported Total Compensation
Individual Kristen McPherson · Reported title President · Highest reported compensation $0 · Total expenses $15K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $15K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -79%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $120K · 2019–2024
Unitemized GrantFY2024$48,975
Unitemized GrantFY2023$25,800
Unitemized GrantFY2022$13,800
Kennett School DistrictFY2021$8,889
Unitemized GrantFY2020$5,800
Kennett School DistrictFY2019$9,920
Unitemized GrantFY2019$7,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$83K revenue · ⤓ 990 PDF
FY2023$36K revenue · viewing · ⤓ 990 PDF
FY2022$170K revenue · ⤓ 990 PDF
FY2021$42K revenue · ⤓ 990 PDF
FY2020$12K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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